Kelowna far exceeds provincial housing targets

The City of Kelowna is no slouch when it comes to meeting the provincial government’s new house build targets.

Back in June 2024 the province set a total of almost 8,800 new homes over a five year period.

After just two reporting years Kelowna has exceeded the year 3 cumulative target of 4,500 units and is approaching the year 4 cumulative target of almost 6,500 units. That effectively puts the city two years ahead of schedule.

A report to next week’s council meeting shows The City is currently reaching the tail end of high-volume residential construction activity and it’s likely there will be declining residential occupancy volumes in the next three years.